Defiance Silver Provides Update on San Acacio Agreement
Defiance Silver Corp (TSXV: DEF) has announced an extension to its San Acacio Silver Project option agreement in the Zacatecas district.
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Rhea-AI Summary
Defiance Silver Corp (TSXV: DEF) has announced an extension to its San Acacio Silver Project option agreement in the Zacatecas district. The scheduled payment originally due December 31, 2024, has been rescheduled to March 31, 2025. The amendment was signed by both parties and awaits notarization in Mexico City, with no changes to the economic terms of the option agreement.
The company operates the district-scale Zacatecas Project in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance focuses on capital-efficient exploration aimed at resource growth and new mineral discoveries.
Positive
- None.
Negative
- Payment deadline extension could indicate potential cash flow constraints
- Delay in completing the San Acacio property acquisition
Details
News Market Reaction – DNCVF
The recorded move for DNCVF in the trading session of this news was +4.34%.
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Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") announces the extension of the San Acacio Silver Project option agreement
Defiance through its wholly owned subsidiary, Minera Santa Remy S.A., has, at the Vendor's request, agreed to extend the term of its option to acquire
About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas Project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and new mineral discoveries.
On behalf of Defiance Silver Corp.
"Chris Wright"
CEO & Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at info@defiancesilver.com
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email: info@defiancesilver.com
Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234631
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